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REGISTERED NUMBER: 11796342 (England and Wales)















PARKSIDE PROPERTY INVESTMENTS LIMITED

Unaudited Financial Statements for the Year Ended 31 December 2023






PARKSIDE PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 11796342)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PARKSIDE PROPERTY INVESTMENTS LIMITED

Company Information
for the year ended 31 December 2023







DIRECTORS: M E D Ferguson
Mrs P A M Lord





REGISTERED OFFICE: Nightingale House
46-48 East Street
Epsom
Surrey
KT17 1HQ





REGISTERED NUMBER: 11796342 (England and Wales)





ACCOUNTANTS: Tudor John Limited
Nightingale House
46-48 East Street
Epsom
Surrey
KT17 1HQ

PARKSIDE PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 11796342)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 4 4
Investment property 5 24,459,036 27,718,070
24,459,040 27,718,074

CURRENT ASSETS
Debtors 6 921,084 2,438,084
Cash at bank 755,196 56,778
1,676,280 2,494,862
CREDITORS
Amounts falling due within one year 7 11,466,944 718,286
NET CURRENT (LIABILITIES)/ASSETS (9,790,664 ) 1,776,576
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,668,376

29,494,650

CREDITORS
Amounts falling due after more than one year 8 14,209,840 29,108,840
NET ASSETS 458,536 385,810

CAPITAL AND RESERVES
Called up share capital 6 6
Retained earnings 458,530 385,804
458,536 385,810

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

PARKSIDE PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 11796342)

Balance Sheet - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 February 2024 and were signed on its behalf by:




M E D Ferguson - Director



Mrs P A M Lord - Director


PARKSIDE PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 11796342)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Parkside Property Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

INVESTMENT PROPERTY
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

PARKSIDE PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 11796342)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 4
NET BOOK VALUE
At 31 December 2023 4
At 31 December 2022 4

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 27,718,070
Disposals (3,259,034 )
At 31 December 2023 24,459,036
NET BOOK VALUE
At 31 December 2023 24,459,036
At 31 December 2022 27,718,070

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts receivable in respect of finance
leases

6

-
Other debtors 921,078 2,438,084
921,084 2,438,084

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 11,389,188 694,170
Trade creditors 61,280 4,806
Taxation and social security 7,478 (577 )
Other creditors 8,998 19,887
11,466,944 718,286

PARKSIDE PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 11796342)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 1,300,000 14,545,000
Other creditors 12,909,840 14,563,840
14,209,840 29,108,840